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I am happy to lose 2 landlords paying 4% for 1 paying 8%
Interesting that point about the fee. if said property manager is willing to negotiate a lower commission just to get your business what will they "negotiate" when it comes to the rent that the tenants will pay.
Add to that the fact that you will be treated better if you pay a higher fee as you will represent more dollars.
what if the 2 you lose are rented at $800pw?
Plus the fee itself doesn't impact the property manager themselves. Ie - I'm not going to get paid more to do my job because the landlords pay more so it wouldn't make a difference to the service I provide at all. The fee my agency gets paid does not benefit me what so ever.
It's not the agency you're investing in, it's the individual property manager.
Think about it
well ok since you asked the service agreement I will draw up will be a lot more bulkier the higher the fee, the lower this fee is the lighter it gets.
So you don't think that the Property manager (regardless of their individual beliefs) would be getting told by the principal of the company to take better care of the owners who pay the higher rates?
lower fee clients get none of the above service in fact we just collect the rent and outgoings and send it to you no thought is put into it whatsoever. tenant rings about a maintenance item I ring you and tell you to deal with it. the council tells me that the rates are due I post you the bill instead of finding out why it wasn't paid.
there is no service to most of my lower paying clients. in fact if anything takes me longer then 30 mins to figure out I send it to the client and have them sort it out. you pay the higher fees then I will bust my ar** to sort it out without getting you involved if possible.
From my experience, a good PM will be professional with all their clients. They don't have a sliding performance scale depending on how much you pay them. Their satisfaction comes from knowing they do their job well. And a bad PM won't be better because you pay them more. I think it's ok to ask for a lower price, as long as you're reasonable and accept their right to say no.
I negotiated my fees with my PM when I signed up. When I was looking for a property manager, they were clearly the best, but they also charged more. At the time, I didn't feel like I really needed the best service (I only had one IP, and it didn't seem too complicated), but I felt that I wanted to offer them my business before giving it to someone else. So I asked if they would lower their fee to the average rate, and they said yes.
From my experience, a good PM will be professional with all their clients. They don't have a sliding performance scale depending on how much you pay them. Their satisfaction comes from knowing they do their job well. And a bad PM won't be better because you pay them more. I think it's ok to ask for a lower price, as long as you're reasonable and accept their right to say no.